Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

Airbus interested in minority share in Atos's Evidian - Les Echos

Published 02/01/2023, 06:23
Updated 02/01/2023, 08:15
© Reuters. FILE PHOTO: The logo of Atos is seen on a company building in Nantes, France, March 11, 2022. REUTERS/Stephane Mahe/File Photo
AIR
-

PARIS (Reuters) -Shares in French IT group Atos rallied on Monday, after newspaper Les Echos reported Airbus had started "exploratory talks" to take a minority share in the firm's cybersecurity unit, citing unnamed sources.

Airbus said in an emailed statement that it would not comment on speculation, adding "we are in constant discussion with our partners, customers and suppliers across the industry, but these conversations remain private in nature".

Atos said that as part of its strategic plan, "the company had initiated exploratory discussions with potential future minority shareholders in the scope of activities grouped under the name of Evidian".

Atos shares, which lost more than half of their value last year, rose around 7% in early Paris trade on Monday.

© Reuters. FILE PHOTO: The logo of Atos is seen on a company building in Nantes, France, March 11, 2022. REUTERS/Stephane Mahe/File Photo

Atos last year said it planned to split into two publicly listed companies by spinning off its cybersecurity operations along with some other units into a new unit dubbed Evidian. The remaining part would include its declining IT infrastructure management services.

"These discussions are not sufficiently advanced to allow any further comment", Atos said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.